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is beginning to take shape around, yes, of course, the repeal of obama care. and last night at a heritage foundation defund obama care event in texas, senator ted cruz tried to rally conservatives. >> what happens next is president obama and harry reid are going to scream and yell those mean, nasty republicans are threatening to shut down the federal government. what has to happen after that is we've got to do something that conservatives haven't done in a long time. we've got to stand up and win the argument. why is it that every reporter in the media and a significant percentage of republicans assume with an impasse that president obama will never, ever, ever give up his principals so republicans have to give up theirs. if you have an impasse, you want to know one side or the other has to blink. how do we win this fight? don't blink! >> by the way, cruz was heckled at that event by people saying they wanted health care as well, but there were more supporters, as he said, than there were hecklers. earlier, though, former u.s. senator jim demint and president of the heritage foundation sa
the time. lou: confident in her assessment that syria had already crossed that red line. the obama administration and responded. until a few moments later when she offered up this blatant contradiction. >> we still believe that they don't have the capability to use chemical weapons. that is not changed. again, looking into the facts on the ground. there's no reason if there is nothing to hide for the regime not to let the investigative team and. lou: what is going on? the statements tested department is not seem to know either way. president obama announced after that he has directed intelligence agencies to find out what happened. again, joining us now, fox news military analyst. let's turn first if we make to this confusing series of remarks by the state department in which they have one moment have a knowledge that they believe there is chemical weapons available to the president, he has used them and within moments the spokesperson saying that they don't know whether he has them and doubt that he does. even as the president says he is a signing that question to our intelligence
department official telling fox news not a matter of but when the obama administration leaving no doubt that american armed forces can easily hit targets inside syria. military officials telling fox that planned operations may include the use of cruise missiles or possibly even stealth bombers. over the next couple of hours we'll have extensive coverage and analysis about thetial american intervention in this crisis and moments from now, we'll go live to the middle east for a report. but first, right now, brand new stories and arizona inmate taking the witness stand in the trial of a fellow prisoner. >> accuse of brutal murder of a oklahoma couple. how credible is a prisoner as a witness? should prosecutors depend on inmates to prove their case? >>> plus the ongoing protests in wisconsin's capitol turning violent when police tackle and restrain a demonstrator. the question is, did they go too far? >>> reality star kate gosselin reportedly suing her ex-husband what he did to get dirt on her for a tell-all book. it is all "happening now." you're intrigued i see. >> sounds juicy to me. art
secretary jack lew on cnbc this morning said president obama will not negotiate over the debt ceiling bill and now it looks like a battle royal is brewing in washington, d.c. these stories and many more coming up in "the kudlow report" beginning right now. >>> good evening, everyone. i'm larry kudlow. this is "the kudlow report." in a major developing story, nbc news is reporting a strike against syria could come as early as thursday. aids say president obama and no longer questions if the syrian government used chemical weapons. the questions are what will the u.s. do and with who's help. nbc's richard engel joins us now from the turkey/syria border with all the latest details. good evening, richard. >> reporter: larry, syria is showing no signs by being deterred of all of this talk of military action. in fact, just yesterday there was another attack that rebels say used chemical agents. a white phosphorous attack that doctors say killed at least 12 people. white phosphorous technically isn't a chemical weapon, but it is illegal if it's used to kill people. it's a burning agent, a burning
the question we must all be asking is what will we do? let me emphasize, president obama, we in the united states, we believe in the united nations and we have great respect for the brave inspectors who in toward regime, gunfire and obstructions to their investigation, but as the secretary general has said again and again, the u.n. investigation will not affirm who use these chemical weapons. that is not the mandate of the u.n. investigation. they will only of term whether such weapons were used. by the definition of their own mandate, the un can't tell us anything that we haven't shared with you this afternoon or that we don't already know. and because of the guaranteed russian obstructionism of any action through the urine -- the un security council the un cannot galvanize the world to act as it should. so let me be clear, we will continue talking to the congress, talking to our allies and most importantly talking to the american people. president obama will ensure that the united states of america makes our own decisions on our own time line is based on our values and our interests. we
. trying to thread the needle, here is what president obama said? >> it's entirely consistent to say that this tightly organized and relatively centralized al qaeda that attacked us on 9/11 has been broken apart. and is very weak and does not have a lot of operational capacity. and to say we still have these oorge regional organizations like aqap, they can pose a threat. >> aqap of course is al qaeda in. during the last presidential campaign he saw political advantage in telling america that the terror threat had been mittgated and now that he is responsible for protecting the country he admits it has not. >> as though the americans care about the organizational structure of al qaeda, what they care about is whether al qaeda can still kill americans. >> who is ho is there cte? >> the hierarchy of the chain of command is not that interesting to average measures. they want to know if we are still threatened by them and it sounds like of course we are. >> here is some hard facts for you much the state department released some numbers a few weeks ago that showed that al qaeda and the ara
on the ready now across the coast of syria. president obama has been strangely silent on this subject in recent days. leaving it to vice president joe biden yesterday to make the case for a war. >> there is no doubt who is responsible for this heinous use of chemical weapons in syria. the syrian regime. >> and the white house is expected to release newly de classified ingenls to make the administration pay for the syrian regime is responsible for a chemical weapons attack killed hundreds last week. at the same time the white house is careful to say bish char al-assad will not be a target to any military action. >> the options we are considering are not about regime change. they are about responding to clear violation of an international standard that prohibits the use of chemical weapons. >> critics wonder this, if assad is not the car get what is the goal in syria and will limited action a quick wave of missile strikes make a bad situation even worse? >> i know for a fact from my own contacts inside syria with the opposition forces they have high expectations because this is the first time any
, and the obama administration saying it is ready to act in syria if needed. secretary jack lew on squawk saying moments ago the president will not negotiate over the debt ceiling. >>> good news for tiffany, and luxury, in that it was boosted by sales in china. >>> and the end of the era, bill ackman is bailing on jcpenney, and they are looki in ing to ses shares. >> and we will look at the new home sales to be released. >>> treasury secretary jack lew telling our own john harwood that the president will not e negotiate over the debt limit which could be reached in mid-octob mid-october. take a listen. >> we won't be negotiating over the debt ceiling and congress has authorized funding and committed to expenditures and now the question is do we pay the bills that the united states has incurred. it is the only way for that to do is for congress the act and act quickly. what we need in the economy is certainlity, and we don't need a self-inflicted wound or crisis at the last minute. congress should come back, and they should act. >> jim, they say when it rains, it pours and government is part of t
the u.s. would have to go it alone at this point if president obama wants to take action. the threat of that right now seems to be lessening a little bit. plus, of course, it is a friday before a holiday weekend so things are going to typically be quiet here. traders say before everybody gets back next week and the news flow really starts again. now, what's interesting though is we are seeing a little bit of a shift. the positive data out of the united states. that gdp number is keeping the dollar near a four-week high against the major currencies. of course, we are watching gold prices while we are under 1400, that critical level still hasn't been a bad month for gold. the second b consecutive month that we are going to see a gain for it. kelly, back to you. >> all right, jackie. thanks very much for that. >>> straight ahead, big lots seeing some big gains this week and spiking after reporting earnings are the big box retailers the best way to play retail? we'll talk about that. >>> plus, the government says it will not stop people in colorado and washington from smoking pot. we'll
, president obama returns from vacation and plans to sit down with the leading financial market regulators today. opinions from both sides of the aisle next. right now, 7 years of music is being streamed. a quarter million tweeters are tweeting. and 900 million dollars are changing hands online. that's why hp built a new kind of server. one that's 80% smaller. uses 89% less energy. and costs 77% less. it's called hp moonshot. and it's giving the internet the room it needs to grow. this&is gonna be big. hp moonshot. it's time to build a better enterprise. together. pcentury link provides reliable yit services like multi-layered security solution to keep your information safe & secure. century link. your link with what's next. >>> welcome back to "squawk box." president obama will be sitting down with the leading financial market regulators today to discuss their progress or lack of progress in implementing dodd/frank. joining us to talk about it, tony frato and jerod bernstein. hi, guys. >> hi, andrew. >> before we even go there, i have a joe question for jerod. i don't know if you heard u
's justice department and the obama administration have taken heat for the lack of high level prosecutions over the meltdown in 2008. there haven't been cases but the record is mixed. in 2009 two hedge understood managers beat fraud charges. that was a setback. better luck when a cup of traders pleaded guilty and a third this year. lots of action on the civil side. the new york attorney general working with the doj sued jpmorgan and sued bank of america and standard & poor's among others. we know there is a push from high up in the justice department to move other crisis cases along. no specifics from holder other than we're not done yet. >> you know, it's interesting, scott, that this stuff is just starting to bubble to the surface even though the 5-year statute of limitations is approaching. when i was looking at some of the bank quarterly filingses a couple weeks ago they did start to disclose the doj is investigating us for mortgage-backed security cases. almost every bank in the mortgage market disclosed that. when i talk to people they said that was because at the staff level the ban
that was an interesting comment. obama canceled his meeting with vladimir putin right after the appearance with the jay leno with tub long list of topics including average snowden being granted asylum. >> i was disappointed because even though we don't have the extradition treaty with them, traditionally we have tried to respect is there is a lawbreaker or alleged lawbreaker in their country we evaluate and try to work with them. they did not do that with us. and in some ways it is reflective of the underlying challenges we have had with russia lately. lori: des prez incumbents and a recent summit he had. >> you look at me with the nbc executive. what is going on? [laughter] that was a news making interview. >> i am not sure that was his place to do that. >> aol has agreed to buy a 405 million cash and stock it was bigger than the a will purchase of the huffington post. c02m armstrong says it will help to integrate advertising with video content. the deal will close in september. the week-long furlough has been announced with the technology group starting augus. they will receive one-third of pay while
: protesters storming, 525 people dead, 2000 injured. president obama says the violence needs to stop. let's go to the floor of the new york stock exchange and our very own nicole petallides. nicole: there is a lot going on here. the dow jones industrials down 195 points, which is a loss of one and a quarter percent. the mentality here on wall street is an interesting one. i almost said washington. these people turn to washington and try to see the federal reserve whether or not they would begin to taper the bond buying. we will get to some movers in a moment, couple of things, the 10-year, and gold just spiked moments ago up $26. keep an eye on gold. i wanted to take a look at walmart and cisco with two down components. cisco systems carbon 5% of their global workforce. back to you. ashley: thank you very much. lori: a reflection of the cpi, shows a little inflation in the system. let's talk about the data they lose. the latest reading on the fed installment is the and atlantic region slow down more than expected in august. the news isn't much better in the new york area. edging up 0.2% in lin
, and that is what some would like. how do you feel about that? are you in support of obama's request to congress to move the national minimum wage or the federal minimum wage from $7.25 to $9? >> well, the most important thing we can do right now is to create all jobs and that helphe everybody. we want to create jobs and we have been in that since the recession starting to recover and we are partnering with wa walmart, and dozens of ceos and governors and so creating jobs is critical, but the question is what is the right way to do it? is the right way to do it by choosing between hiring fewer people at higher wages or greater number of peoples at competitive wages that the marketplace will support, and that is really the conversation that we need to have. what's in the best interest of the local communities and workers and we take the view that it is better to be encouraging business growth and development by reducing and eliminating the regulations, and not layering the regulation on the employers and create jobs in all sectors the get the economy move f moving forward again. >> so do you supp
some numbers with it? >> that was like the perfect storm. you had obama fighting for the debt ceiling. you have the beginning of the love trade in india and the middle east. all of that demand was just massive. emerging markets have been slowing their overall growth. if we go back to a store and a fight in congress and we have a strong pickup in gdp and emerging markets, you can see gold trade to that level. on a price adjusted basis, gold would be at $2300. it is still attractive. tracy: you are absolutely flooring everyone who bought gold. you are getting everybody excited. frank holmes, thank you for making this bullish case on gold. we will see what happens. ashley: oil closing down. today had a loss of 2%. the second straight day back group has closed lower. rich edson traveling along with lawmakers in california. he joins us now with more on his exclusive interview. rich: there are significant differences. republican saying we do not want any more tax revenue. democrats say they want up to a trillion dollars more. we asked them, are they on the same page? >> we are both working
this is a conspiracy between me and president obama or i was soliciting money from people who had some affiliation with him. the documentary evidence is overwhelming. he committed fraud on an ongoing basis. he fleeced people who couldn't afford the money out of $40 million. maybe the most despicable thing his instructors told students, you have to raise your credit limits. call your credit card companies, get more credit if you want to succeed in real estate and folks used that increased limit to pay more money to trump and went further into debt. despicable scheme and he's going to pay for it now. >> any other name than trump, this story doesn't get any pick-up, nobody notices it. to those who say it's an opportunity for you to increase your public profile and that of your office, how do you respond? >> i'm responding to him. i mean he went in the newspapers on saturday and started talking about it. and making crazy accusations against me. so, we're not going to sit down and let him make fall accusations and lie what the case is about. this is a classic bait and switch scheme. you have to sent a
of obama care exchanges. in an interview last night, wisconsin governor scott walker warned employers can't afford the uncertainty of the affordable care act. >> we need certainty. the fact is, employers aren't seeing it. the political pressure they push back on the employer mandate, but there is incredible uncertainty about the so-called affordable care act. i visit the firms, the companies, small businesses, we don't know what is going to happen next. we're not going to take the risk, even though we have the potential to grow our economy, we have the customer base that wants us to produce more, we're reluctant to go over the 50 mark, the full-time rate. >> where does this all go next? >> for someone to say there is uncertainty in obama care, that is not the lead, obviously. you'll hear things like that from scott. the two aspects is one, yesterday, the president, up with of his hometown papers in chicago, the tribune said, bottom line, in an editorial, bottom line, let's delay and rewrite this ill conceived law, three years of attempting but failing to make this clumsy monstrosity work
and the health care worries and back and forth on the taxes and obama wants more and we are tapering. perfect. just great. >> well, things could be worse -- you could be in india and watching the currency decline by 4% per day. >> you could be in indonesia and watching a similarly currency going down. >> the rupee. >> yes. and that is a fact. >> and the fact is that the dollar buys more rupees than you can see, whoa! any time a major currency moves almost 4% in a day, this is of course, the impact that you would expect of making indian exports cheaper which will benefit us, but a consumer-led economy there where they are trying to bring it in is complicated and then bring in a lot of goods and send them in and back out, and the equity markets there have not been performing well. >> and you are, we have not talked enough about the merging markets. >> well, they have been crushed. when you talked about the taper talk or the okay, what happens when, and forget about when qe ends, because it is not that the merging markets will take et the worst, because all they are built on is cheap money, and
obama's tax hikes on the rich will hurt the middle class and the poor by killing jobs. it was a controversy -- controversial op ed, and now rodgers is here to explain it in person. that's coming up on the "closing bell." stay tuned. make it happen with the all-new fidelity active trader pro. it's one more innovative reason serious investors are choosing fidelity. get 200 free trades when you start using active trader pro today. so you want to drive more safely? of smart. stop eating. take deep breaths. avoid bad weather. [ whispers ] get eight hours. ♪ [ shouts over music ] turn it down! and, of course, talk to farmers. hi. hi. ♪ we are farmers bum - pa - dum, bum - bum - bum - bum ♪ right now, 7 years of music is being streamed. a quarter million tweeters are tweeting. and 900 million dollars are changing hands online. that's why hp built a new kind of server. one that's 80% smaller. uses 89% less energy. and costs 77% less. it's called hp moonshot. and it's giving the internet the room it needs to grow. this&is gonna be big. hp moonshot. it's time to build a b
this is proof that their people have been attacked by chemical weapons. does this mean team obama will have to put up or shut up because of the so-called red line? that story and more coming up on "kudlow." [ male announcer ] come to the golden opportunity sales event and experience the connectivity of the available lexus enform, including the es and rx. ♪ this is the pursuit of perfection. ♪ a quarter million tweeters is beare tweeting. and 900 million dollars are changing hands online. that's why hp built a new kind of server. one that's 80% smaller. uses 89% less energy. and costs 77% less. it's called hp moonshot. and it's giving the internet the room it needs to grow. this&is gonna be big. hp moonshot. it's time to build a better enterprise. together. i put in the hourswhere i am today by luck. and built a strong reputation in the industry. i set goals and worked hard to meet them. i've made my success happen. so when it comes to my investments, i'm supposed to just hand it over to a broker and back away? that's not gonna happen. avo: when you work with a schwab financial consulta
american citizens not to travel to pakistan. meantime, president obama will hold a news conference this afternoon at the white house before leaving for vacation on martha's vineyard. andrew? >> we got a couple of corporate stories to talk about. big one, the jpmorgan now reportedly close to reaching a settlement with security regulators over the so-called london whale trading losses. bruno iksil, he was the whale in some ways, he's not expected to face charges related to the incident. apparently, by the way, he's talking and made some kind of deal or may be making a deal with the s.e.c. the other component of this is that as part of whatever settlement the s.e.c. reaches with jpmorgan, they might have to admit some form of wrongdoing or some form of admission -- >> why would the s.e.c. cut a deal with that guy when he was the rogue trader doing things that the management at the bank -- >> unclear he was the rogue trader. it seems like what has happened is as the story developed that his boss and his boss' boss may have been more rogue than he was. not iona drew. >> a few layers --
the violence from escalating, which is why we had the statements from u.s. president barack obama, but the response from the egyptian government to what the president was saying has been a terse one. basically saying it is not based on fact, and it is actually encouraging armed groups. you imagine that kind of response from the egyptian presidency to what the u.s. presidency is saying. that shows you as well that there are a lot of tensions internationally as well about what is happening here on the ground. >> incredibly concerning situation. yousuf, please be careful and we will check back in with you later this morning. yousuf gamal el-din. >>> oil prices have been moving on the situation over in egypt. traders fear the unrest could filter over to crude producing nations or affect the suez canal which carries a large portion of the world's oil. analysts say worries the fed could soon trim the commodity friendly stimulus are curbing gains. >>> gold extending gains today hitting two-month highs. among the catalysts, strong buy from china and short recovering after the precious met
" top spot making $25 million. >>> president obama in washington after a vacation at martha's vineyard. he's got his work cut out for him. egypt, regulation and funding the government. john harwood joins us with the latest. what's top priority? >> top priority for the president that is meeting with financial regular laters. he returned from martha's vineyard to a vacation buffeted by the conflict in egypt and other things that are pressing on a national security basis, more revelations about the nsa as well. he's got a very economic, heavy agenda as he comes to back to washington. congress is still out. he meets with the whole array across the government of regulators about trying to keep pace with implementation of dodd/frank, only 40% of the regulations are done. volcker rule is most important, trying to get that done by the end of the year. the president has also got speeches in upstate new york to press his agenda for a middle out economy. that is not likely to go too far with republicans but he's trying to soften up the ground for the fiscal debates this fall. the president has th
to work. >> you pass laws that make it more expensive to hire like obama care or raise the minimum wage, that hurts young people dramatically. >> simple cause and effect for how it is happening. people at the high end are hogging more of the overall income, that's not simple enough to explain what is happening here. >> i wouldn't dissuade you of that view. we talk about minimum wage. you don't necessary necessarily think that's t think that's wait to go either. >> this is why the huffington post writes about you, from a negative. you do sound reasonable at times. >> i can't -- >> not all the time. no. not under any means, but okay. >> coming up, why the markets were so confused by yesterday's fed minutes. did you see the intraday chart from yesterday? up, down, all over the place, crazy. what you should expect in today's session. "squawk box" will be right back. i hav e low testosterone. there, i said it. see, i knew testosterone could affect sex drive, but not energy or even my mood. that's when i talked with my doctor. he gave me some blood tests... showed it was low t. that's it. it
moved behind the scenes to quash the campaign and are insisting that obama not be pressured as he mulls to nominate. >> the president does not like people trashing those he is seriously considering for big jobs. he plainly likes larry summers. there has been a campaign against summers within the senate. you had a significant block of senate democrats who were signing their names to a letter, essentially endorsing yellen. democratic senators have publicly raised questions about whether larry summers would fit in that job. and the president doesn't like being hemmed in. we have seen this at his press conferences. saw it when he went to the hill and talked to democrats and defended pretty forcefully larry summers as somebody who had helped him a good bit, who has a lot to offer. he has been -- summers has been believed to be the front-runner for the job. don't know to what extent that is still the case. but the president doesn't like to be dictated in these sort of scolded his democratic colleagues. >> we have been looking at this, this opposition in the senate and other places that have b
to stop president obama reform plan. they said they should remember the political backlash the republicans suffered in 1995 and '96 because of the government shutdown. he says he is committed to stopping obamacare. we will be watching retailer aeropostale today. they say it expects another loss for the current quarter. it issals increasing the number of stores that it plans to close. all right. let's get back to the nasdaq. andrew. >> hey, thanks, michelle. i am joined by bob greifeld ceo of nasdaq omx. the man of the moment. we hope we can try to figure out what happened here. obviously, a lot of frustration. i don't need to tell you how much frustration. just explain, if you could, what exactly happened? i think most of us don't understand. >> sure. what happens is that we have a data feed which consolidates the trading for 13 exchanges. we do that for the industry. had a problem. as soon as we saw that had a problem, we had a fundamental concern. we few professional traders had access to individual data feeds, be you the traditional long investor, retail investor didn't have the same in
in a strike. do you think that the obama administration could possibly go it alone? >> i think it is becoming increasingly difficult. the momentum seems to be slowing down. if you remember yesterday we were getting records from u.s. officials saying that the train was out of the station, it was too late to dial back, and it was coming and they were talking about it starting today. i can tell you even here we were beginning to make our plans, how we were going to cover the events if suddenly bombs were falling on dadamascus. now, you have the arab league saying it doesn't support military action. the red cross saying it doesn't support it. egypt saying it wouldn't back a military action. the uk labor party wanting to slow things down and have two votes to authorize military strikes. today the administration is supposed to give a briefing about why it believes that chemical weapons were definitively used by the bashar al-assad regime. the longer this goes on i think the less momentum you're going to have and more doubt injected into the process. >> nbc's richard engel for news turkey this morni
Search Results 0 to 29 of about 30 (some duplicates have been removed)